Regional Development Bank

Guest Article #142: Collaborative Effort of European Financing Institutions to Help Improve Implementation of Climate Change Adaptation [viewed]

When the Paris Agreement on climate change was adopted in December 2015, it included a long-term goal for the adaptation to climate change – “enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development […]”. It recognised the direct link of climate change adaptation to sustainable development and further highlighted its importance. This added momentum to an increasing need for practical approaches for climate change adaptation, which can range from making transport infrastructure more resilient to storms and floods, to helping small businesses adapt to increasing water scarcity.

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Mitigation Update: Work Continues on Aviation, Black Carbon Emissions, Regions Cooperate on Clean Energy [viewed]

icao_arctic_adb_afdb13 June 2016: According to a policy paper from the Grantham Research Institute on Climate Change and the Environment, “carbon-intensive companies are not ready for the impact of the Paris Agreement's commitments.” The authors, economists Nicholas Stern and Dimitri Zenghelis, submitted the paper to the Task Force on Climate-Related Financial Disclosures, arguing that the Financial Stability Board (FSB) should create robust reporting guidance on climate risks.

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Mitigation Update: Climate Conference Focuses on Accelerated Action, Markets and Transport Solutions Advanced [viewed]

unfccc_iea_ccafs_nama_wb6 June 2016: Addressing the Group of Seven (G7), UNFCCC Executive Secretary Christiana Figueres stated on 23 May, “Today, the challenge is to translate intent into action…that does justice to the extraordinary ambition enshrined in the Paris Agreement….” Figueres attended her final intersessional meeting of the UNFCCC subsidiary bodies from 16-26 May in Bonn, Germany, where an overarching theme of 'Accelerating Implementation of the Paris Agreement' pervaded many of the special events and negotiations.

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Energy Outlook: Clean Energy Investments, RE Employment Increasing, Cities Unlock Mitigation Potential [viewed]

unfccc_wb_irena_iea2 June 2016: Energy-related news of the past few weeks reported here indicate that regional development banks' investments in clean energy are increasing. Other recent developments show that: renewables are currently firmly established as competitive, mainstream sources of energy; energy efficiency (EE) action in urban environments helps cities transition to sustainable energy systems; and employment in renewable energy (RE) is on the rise. Events, initiatives and publications described in this update contribute to the implementation of the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development, particularly SDGs 7 (Ensure access to affordable, reliable, sustainable and modern energy for all), 13 (Take urgent action to combat climate change and its impacts) and 1 (End poverty in all its forms everywhere).

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Sustainable Energy Finance Update: MDBs Prioritize Clean, Efficient Energy, Invest in Infrastructure to Expand Electricity Access [viewed]

energy_update_jun1 June 2016: During the month of May, many multilateral development banks (MDBs) hosted their annual meetings, at which sustainable energy was often a central theme. The African Development Bank (AfDB), for instance, has placed powering the African continent “on the front burner,” putting it at the top of its priority list.

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Event: Tenth Latin American and Caribbean Carbon Forum [viewed]

Organized by the UNFCCC, the UN Environment Programme (UNEP), UN Development Programme (UNDP), Inter-American Development Bank (IDB), the World Bank Group (WBG) and partners, the tenth Latin American and Caribbean Carbon Forum (LACCF) will bring together key players from the private and public sectors to discuss climate change mitigation, and reach out to cooperation agencies, potential investors and service providers. The LACCF will showcase opportunities in line with the Paris Agreement, including: Nationally Determined Contributions (NDCs) implementation; leveraging public and private finance for climate action; carbon pricing mechanisms and carbon markets; sustainable development and transformational change; public-private partnerships (PPPs); and innovative business models to fight climate change. The Forum will also feature the latest advances and resources on sustainable cities, agroindustry, energy, extractive industries, forests and transport. The LACCF will be held during the 2016 Latin America and Caribbean Climate Week, back-to-back with the Fifth Regional Platform for Low Emission Development Strategies in Latin America and the Caribbean (LEDS LAC) Regional Workshop themed 'Moving Towards a Resilient and Low-Emission Development: Implementing the Paris Agreement'.  

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EBRD to Dedicate Next 25 Years to Green Economy Transition [viewed]

European Bank17 May 2016: Reflecting on its goals for the next 25 years, the European Bank for Reconstruction and Development (EBRD) has identified the need to focus on three themes: building the economic resilience of EBRD countries of operation to withstand external shocks; better integrating EBRD countries of operation into regional and the global economy; and helping them combat climate change, food insecurity, and other global challenges.

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May 2016 Climate Finance Update: Calls for Adaptation Funding, Attention to Climate Risk [viewed]

may2016_climate_finance31 May 2016: A number of international meetings that convened in May 2016 included a focus on climate finance. Carbon pricing continued to receive attention, alongside climate change planning and financing in Africa. Calls were also made to pay increased attention to the growing 'adaptation finance gap,' and climate and disaster risks, including in investments. A number of resilience projects received funding, and development banks and climate funds organized readiness workshops.

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Adaptation and Loss and Damage Update: Bonn Talks Focus on Adaptation Planning, Reporting, Implementation, Support [viewed]

who_wmo_ecosoc_fao31 May 2016: The 2030 Agenda for Sustainable Development, with its Sustainable Development Goals (SDGs) and accompanying targets, has made it clear that climate change and sustainable development are inextricably linked. May 2016 news relating to adaptation and loss and damage brought out some of those interlinkages with particular prominence. Not only do events, publications and initiatives reported here contribute to the implementation of SDG 13 (Take urgent action to combat climate change and its impacts) generally, they also help implement a range of other SDGs and related targets.

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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